FX.co ★ NZX 50 Hits Two-Week High, Closes 0.8% Higher

The NZX 50 advanced 99 points, or 0.8%, to close at 13,070 on Tuesday, snapping the previous session’s losses and marking its highest finish since May 12. Gains were led largely by healthcare and technology stocks.

The healthcare sector jumped 6.2%, driven by heavyweight Fisher & Paykel Healthcare, which surged 9.1% after reporting a 24% increase in net profit for the 12 months to March. Ryman Healthcare added 1.4% after posting a reduced loss for the same period.

Upside was limited by higher oil prices, which followed fresh US military strikes in Iran that clouded prospects for a US–Iran deal to reopen the Strait of Hormuz. Traders also remained cautious ahead of the Reserve Bank of New Zealand’s monetary policy decision on Wednesday, with markets widely expecting rates to be left on hold, and in the lead-up to the government’s 2026 budget release.

Other notable gainers included Summerset Group Holdings (up 4.3%), ANZ Group Holdings (3.8%), Gentrack Group (3.2%), and Westpac Banking Corp. (2.0%).